Knowledge Base
Glossary
Plain-English definitions for the terminology used across Tactical Review.
- AML
- Rules designed to stop illegal money from being hidden through betting accounts.
- Arbitrage
- Betting on all possible outcomes of an event across different operators to guarantee a profit.
- Asian Handicap
- A spread that gives one team a virtual advantage or disadvantage to make the match more even for betting.
- Bankroll
- The total money you have set aside for betting.
- Bet Builder
- A tool that lets you combine different markets from a single event into one custom bet.
- Bonus
- Extra funds or free bets offered by the operator, usually with conditions.
- Bookmaker
- A company or person that sets odds and accepts bets.
- Cashout
- The option to settle a bet early, locking in a profit or reducing a loss.
- Dutching
- Spreading your stake across several selections in the same event to ensure a win no matter which one wins.
- Edge
- The perceived advantage you have over the bookmaker’s odds.
- Free Bet
- A bet you can place without using your own money, credited to your account.
- Hedge
- Betting on the opposite outcome to an existing bet to secure a profit or limit a loss.
- In-Play Betting
- Placing bets on a match while it is happening, with odds that change as the game progresses.
- Juice
- The commission built into odds that a bookmaker charges for taking a bet.
- Kelly Criterion
- A formula that calculates the best size of a bet to grow your bankroll over time.
- KYC
- The process of verifying your identity to comply with regulations and prevent fraud.
- Licensed Operator
- A betting company that has been officially approved by a regulator to operate legally.
- Odds
- The number that shows how much you can win compared with your stake; larger odds mean a bigger potential payout.
- Over/Under
- A bet on whether a specific stat, like total goals, will be above or below a set number.
- Parlay
- A single bet that combines two or more selections; all must win for the bet to pay out.
- RTP
- The percentage of total money wagered that a game returns to players over time; higher RTP means better odds for you.
- Stake
- The amount of money you put on a bet.
- System Bet
- A bet that covers multiple combinations of selections, giving you a chance to win even if some picks lose.
- Value Bet
- A bet where the odds offered are higher than the true chance of the outcome, giving an expected profit.
- Wagering Requirement
- The number of times you must bet the bonus before you can withdraw any winnings.